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MAY 6, 2024

DP World strengthens its warehousing footprint in India with a new facility in Goa Steady global growth expected for 2024 & 2025: Economic Outlook Baltic Exchange Market Report (3 May 2024) Steel exports to Europe at five-year high CMA CGM PSS from Asia & India to Mauritius Russia's largest business chamber opens 2nd office in India Verification of authenticity and genuineness of Certificate of Origin (CoO) issued by UAE Authority 'Enhanced' Salvage Award for Environmental Damage Major Ports improve performance Duty imposed on onion exports No tariff on exports of low-grade iron ore APSEZ attains new operational and financial highs in FY24 Private ports outshine in FY24

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MAY 6, 2024

A regular rail connection for Hirtshals Maiden voyage of new super B-class vessel Second flower boom of the year Renewed commitment to HHLA Pure A lively project for Luton Mycrane doubles down in Saudi Arabia Unifeeder expands into Latin America Geodis now scores 28 A trio to promote DAC in Europe Waco hosts AGM Chennai hosts first International Ports Conclave A prestigious award for Priority Freight An unprecedented cargo route "Curiosity of the Day" Jilin: improved intermodal access Five years of fashion fulfilment Valve expertise and support From Jetblue Airways to Airbus

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MAY 3, 2024

Shipper frustration as spot rates rise alongside demand, and cargo is rolled CMA CGM to launch China-Mexico express shipping service Red Sea: Aries crew free, but more escalation on the way as box ships flee Conf call redux: Mærsk has a plan, folks... Air cargo market shows 'positive dynamic' - but how long will it last? Fast fashion: the price we pay for our designs on low costs US Gulf ports maintain momentum and see containers as 'the way forward' Post-CH Robinson, RXO value on watch Temporary Baltimore shipping channel shift in bid to remove MV Dali DSV US expansion continues with major investment in California hub Hapag-Lloyd's box tracker will 'close logistics blind spots' Dogfight in court over USPS contract for air mail bomb detection service Seko Logistics appoints Ursula Wallace to head up North America ocean freight Turkey ceases trade with Israel over aid for Gaza

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MAY 3, 2024

GAO weighs in on Navy shipbuilding delays With delays to major Navy shipbuilding programs continuing to be a major concern, and not least to Secretary of the Navy Carlos Del Toro, the U.S. General Accounting Office (GAO) has released VIDEO: Crescent Towing takes delivery of new Z-drive tugboat New Orleans based Cooper Group subsidiary Crescent Towing recently took delivery of the M/V Angus R. Cooper II, a new 6,000 HP, tier 4, Z-drive tugboat constructed at Cooper Group's Blakeley BoatWorks Dive boat fire captain sentenced to four year prison term Jerry Nehl Boylan, 70, the captain of the Conception, the Santa Barbara-based dive boat involved in the deadly 2019 fire that cost 34 lives, was yesterday sentenced to 48 months in federal

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MAY 3, 2024

Logistics Challenges in Shipping Heavy Equipment Replacement Parts Taking a shipping container from point A to B involves many variables, from arranging the products inside the container to loading, hauling, tracking, and delivering. In addition, you must be aware of several regulations, permits, and documents to complete the transportation process legally. Shipping companies handle most of the logistics. However, suppose you run a company and want to handle the DHL Supply Chain unveils global leadership team changes DHL Supply Chain has revealed strategic adjustments within its global leadership team. Through a partial restructuring of responsibilities and the introduction of fresh faces to the division's Global Board of Management, DHL Supply Chain is strategically aligning itself for future success. "The global logistics landscape is shifting rapidly, with economic pressures and geopolitical complexities p Maersk slipping to third place, as MSC set to expand fleet lead According to Sea-Intelligence, when projecting the future fleet sizes of shipping lines, it's common to add the current fleet size to the size of the orderbook. However, this approach oversimplifies the dynamics, as shipping lines engage in various strategies such as trading in the second-hand market and adjusting their use of chartered vessels. A more comprehensive method involves analyzing the Enhanced info sharing and heightened vigilane contribute to safer Asian waters Piracy and armed robbery of ships in Asian waters fell by 22% in the January-April period of 2024 compared to the same period last year. The decrease in this type of accident has mainly been caused by increased vigilance by the law-enforcing agencies in the countries with sea borders. During the first four months of 2024, some 31 incidents took place, according to the ReCAAP Information Sharing C Evergreen and COSCO to transfer giant ships from North Europe to Mediterranean services Evergreen Marine Corporation and COSCO Shipping Lines will replace 13,000 TEU vessels with 20,000 TEU ships on their jointly operated Far East-Mediterranean service. The 20,000 TEU ships will be deployed from the companies' Far East-North Europe services, which will then operate with the 13,000 TEU ships. Alphaliner's latest report stated that the tonnage swap between the loops is due to the re-r

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MAY 3, 2024

CMB.TECH-led JV reveals plans for Africa's first hydrogen-powered vessel A delegation has flown in from Belgium to Namibia this week to unveil plans for Africa's first hydrogen-powered ship. Cleanergy Solutions Namibia, a joint venture between CMB.TECH and the Ohlthaver & List Group, has hosted a showcase of the Cleanergy Green Hydrogen progress at the plant's site in Walvis Bay, expected to be operational in ... Houthi leader vows to escalate attacks The leader of the Houthis has said his militia will escalate attacks unless Israel ends its war in Gaza and the US stops attacking Yemen. "We are preparing for a fourth round of escalation if the Israeli enemy and the Americans continue their intransigence," Abdul Malik Al-Houthi said in a televised speech on Thursday. Al-Houthi ... Norwegians make tanker moves Norwegian shipowners have stayed quiet this year, with few deals to report. This has now changed. A string of deals is reported in the clean tanker segment. Brokers report this week that Bergen-based investment outfit Tailwind has snapped up two 20,000 dwt, 2016-built chemical tankers, TRF Kobe and TRF Kristiansand for $66 m. The ships are ... Lomar focuses on building its dry bulk fleet Lomar is to deliver a further bulk vessel into service this month, its ninth acquisition in the past year. The newly renamed Ebury Trader will commence a long-term chartering arrangement with a global logistics provider, following the completion of upgrades at a shipyard in China that includes the installation of energy-saving devices. The vessel's entry ... Long-term planning is obsolete thanks to speed of satcom evolution Nabil Ben Soussia, group COO of IEC Telecom, examines the impact of rapid change on the satcom industry. Fast-paced evolution within the satellite communications sector is transforming business planning - with only short to medium term predictions feasible in today's marketplace. Long term planning is now obsolete. Technology is developing so swiftly that business planning ...

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MAY 3, 2024

Russia oil logistics hotspot off Greece interrupted Laconia Bay, a ship-to-ship transfer hotspot for Russian crude off the Greek coast, is free from Russian oil-carrying ships for... The International Group is right. The Russia oil price cap is unenforceable The onus to sort this mess out rests with the politicians, not marine insurers. Given the inordinate amount of time... Colombo cashes in on Red Sea rerouting at expense of Saudi majors Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka's hub-and-spoke specialist has reaped the... The Lloyd's List Podcast: What happens next for tankers? Talking tankers. Andrew Wilson, Head of Research and Consultancy Services at BRS Shipbrokers talks to Lloyd's List editor-in-chief Richard Meade... The Lloyd's List Podcast: What happens next for dry bulk? Lloyd's List markets editor Rob Willmington talks to BIMCO chief analyst Niels Rasmussen about the outlook for the dry bulk... The Lloyd's List Podcast: What happens next for containers? Unpacking the box market. Lloyd's List containers editor James Baker and Xeneta chief analyst Peter Sand guide you through the... China's share of tanker newbuild orderbook hits nearly 65% as orders ascend The surge in orders for crude oil and product tanker newbuildings has been of particular benefit to Chinese shipyards, while... The Alliance seeks slot deals to plug Hapag-Lloyd exit, says NYK chief Soga says bringing in a new member to The Alliance remains on the table, but it is not an easy... Container demand uptick may be temporary Carriers are reporting strong demand and high load factors. But Red Sea delays have prompted cargo owners to bring forward... Lomar adds to bulker spree with acquisition of China supramax Latest purchases brings investment in dry bulk tonnage to $127m in past year US to launch new sanctions as North Korea breaches cap on petroleum imports Russia is shipping refined petroleum to North Korea at levels that exceed UN Security Council limits, according to the White... Iran releases crew from MSC Aries Iranian foreign minister announces that the 25 crew of MSC Aries have been released and are free to go home... Daily Briefing High freight premiums to ship Russian crude supercharge profits for sanctioned trades | How El Niño collided with neopanamax locks'... Daily Briefing Colombo cashes in on Red Sea rerouting at expense of Saudi majors | The View: The International Group is right...

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MAY 3, 2024

Key rail executives back intermodal business despite questions over margins The chief executives of BNSF and UP argue that while shareholders judge them on financial metrics, it would be a mistake to shun intermodal business simply because its margins are not as good as hauling other types of freight. XPO readies former Yellow terminals as LTL shipment count rises The third-largest US LTL provider is joining competitors renovating and opening terminals acquired from Yellow and expects to complete that work by early 2025. Capacity injection sends India-US spot rates sharply lower for May sailings ONE's West India-North America Express (WIN) service is set to debut at Nhava Sheva with a May 12 call from the ONE Modern. Shippers, forwarders add tight ocean space to Asia-Europe market challenges European importers are shrugging off gloomy economic forecasts, but rising volume out of Asia is putting pressure on available capacity that is already stretched by longer transits around southern Africa. Excess capacity hangs over recovering container market: Maersk CEO Sailing the longer voyages around southern Africa has allowed carriers to address their excess capacity challenges, but that is a short-term fix for a problem that is not going away, according to Vincent Clerc.

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MAY 3, 2024

Capesize spot rates bounce 13% in a day as mining giants grab tonnage Large bulkers see gains for fourth-straight day after starting week with drop to two-month low Red Box co-founder says US sanctions decision is 'wrong' Singapore heavylift vessel operator engages lawyers to appeal decision Editor's selection: Price cap under fire and a $30bn newbuilding deal Catch up on the best shipping news stories from the past week Chinese buyer snaps up Fractal Shipping-linked VLCC Tanker flipped from Swiss company to Dubai outfit to Marshall Islands entity before sale Cheniere Energy pushes back on talk of LNG market oversupply Producing giant's first quarter figures hit by gas price volatility Houthis ramp up threats against ships heading to Israeli ports in fresh escalation Military spokesman announces fourth phase of operations after months of attacks P&I Clubs face cost spike as battle over Baltimore bridge disaster rumbles on Reinsurance costs could rise for years with cost of bridge collapse estimated at $3bn, says Gallagher Lithuania FSRU heads for first dry-docking prior to ownership transfer Operator KN Energies extends its reach with first Germany job Maersk counts environmental cost of Red Sea disruption Meeting Maersk's own climate targets poses a greater challenge than complying with Europe's carbon levy 'Plot of brutal billionaire corruption': VLCC chartering probe plays out on national television Attorney general seeking arrest warrants in case relating to deals for at least eight tankers Russia and Kazakhstan to boost tanker loadings after CPC mooring work Key export terminal will be able to load three ships simultaneously from July 2025 Sanctions under scrutiny and Carnival cruising on gas in this week's Wavelength podcast Sanctions effectiveness under review, the explosion of the LNG carrier orderbook, and why Carnival says LNG is its fuel of choice Saevik family sells stake in cruise ferry firm as offshore prospects draw stalwart's gaze Owner Per Saevik sees 'reasonable period' ahead for offshore segment Lomar snaps up supramax to take 12-month bulker spend to $127m Owner will fit energy-saving devices ahead of long-term charter Connecticut tanker brokerage Dietze locked in $1.4m legal battle with former partner and major shareholder Court has escrowed $600,000 in sale of Dietze offices to rival tanker house MJLF 'Anti-anti-injunction': Lawyers reveal Euronav's rare legal bid in $35m 'Iranian' crude case UK law firm CJC says it thwarted shipowner's move in London High Court Dan Sten Olsson's Stena resists competitors in 'fast-moving and uncertain world' Swedish giant's boss says group proved resilient in 2023 International Seaways lifts product tanker newbuilding orderbook to $350m with latest pair New York-listed tanker owner has a total of six panamax-size product carriers on order Chemical tankers at their peak ahead of Odfjell earnings Bank gives Bergen-based owner a NOK 190 target price Wilhelmsen elects former Danske Bank CEO as new board member after Westlie leaves Borgen was chief executive of Danske Bank from 2013 to 2018 Tankerska Plovidba aims to mop up remaining $39m chunk of shares in compatriot Atlantska Share offer comes two months after Zagreb-listed owner took control of its rival Bonheur sees profitability winnowed as segments run into roadblocks Fred Olsen group holding company sees lower utilisation for wind vessels and lower passenger income in cruise BW LPG makes domicile switch to Singapore as it bids for 'strategic flexibility' Shareholders will be asked to vote on move from Bermuda Two UK-listed insurers confirm exposure to Baltimore bridge disaster Details begin to emerge of who will foot the bills after bridge insurer Chubb agrees to pay $350m Evalend Shipping named as owner behind LNG carriers ordered at HD Hyundai Heavy Industries Shipowner looks set to boost its LNG fleet to six but deal reveals strong pricing Belships secures $190m loan financing as it cuts interest rate cost Loan is the only facility the shipowner has US accuses Russia of shipping oil to North Korea in breach of UN cap White House security spokesman promises new sanctions to hit trade Iran releases crew of seized MSC and Zodiac-linked container ship in 'humanitarian act' Foreign minister says captain and seafarers are free to return home, but vessel will remain Danish banking giant Danske's shipping book grows to $3.3bn in first quarter CEO says macroeconomic uncertainty remains high due to geopolitics Capesize futures market fizzes as freight rates snap losing streak Futures market saw big gains on Thursday as suddenly everything started to look a little more rosy Danish banking giant Danske's shipping book grows to $3.3bn in first quarter CEO says macroeconomic uncertainty remains high due to geopolitics X-Press Feeders arrests Chinese-owned feeder container ship in Singapore However, the Xin Xin Shan's current owner is not the party that the feeder giant has a legal beef with Sinokor VLCCs detained in UK and Norway after failing safety inspections Reasons for detentions range from ISM failures to missing certificates Deals, banks and growing pains: How Tidewater pulled off over $2bn in takeovers and still wants more CEO Quintin Kneen says market may not justify high price expectations for purchase candidates Loneliness and isolation 'deeply' concerning among Indian seafarers, says mental health charity MHSS expert Julia Oppermann says cultural differences are proving problematic on vessels Methane abatement group homes in technology trials to cut methane slip Shipowners Capital Gas, MSC and Seapeak complete feasibility studies in preparation for onboard testing